The Electricity Service laid off 150 employees in May. Another 300 jobs are now filled.
Netflix notified employees on Thursday. The vast majority of those affected are in the United States.
– Today, unfortunately, we have to let 300 employees go, says an Energy Channel spokesperson diverse.
– At the same time as we continue our significant investment in business operations, we have had to make these adjustments, so that costs are in line with slower growth, the person concerned adds.
We are so grateful for everything these people have done for Netflix, and we are working hard to help them through this challenging process, it continues.
In other words, double the number of subscribers should now go this spring, when Netflix announced for the first time in ten years that it was losing subscribers and thus slashed 150 jobs.
Netflix has about 11,000 employees worldwide.
In the first three months of this year alone, Netflix lost over 200,000 subscribers. In May, the channel stated in a press release that it expects to leak several million subscribers through 2022.
After the stock price fell 25 percent in the first quarter of this year, Netflix announced Bloomberg They are planning a low-cost version of the streaming service, which includes ads. This means a major shift in the ad-free streaming service thus far.
Netflix also announced that it will take measures to prevent password sharing.
It is uncertain how the cost reductions will affect content for users. But Netflix has announced that it will cut investment in movies and TV shows.
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